Which of the following items is not added back to regular taxable income in computing alternative minimum taxable income?
A) Home mortgage interest expense.
B) Real property taxes.
C) Tax exempt interest from a private activity bond issued in 2007.
D) Miscellaneous itemized deductions in excess of the 2% floor.Interest expense on a home mortgage is deductible for AMT and so is not added back to regular taxable income.Home equity interest is added back if proceeds from the loan are not used to acquire or substantially improve the home.
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